Update: During the call, management forecast Q1 revenue in a range of $1.53 billion to $1.54 billion, with gross profit margin, on a non-GAAP basis, in a range of 47% to 49%. The revenue figure is higher than the consensus for $1.52 billion.

For the full year, the company sees revenue in a range of $6.4 billion to $6.8 billion, just under consensus for $6.7 billion.

About Tech Trader Daily

Tech Trader Daily is a blog on technology investing written by Barron’s veteran Tiernan Ray. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields. Comments and tips can be sent to: techtraderdaily@barrons.com.